Greenlight Capital Re Ltd - Class A

Research Greenlight Capital Re Ltd - Class A (GLRE) on Bullrun: valuation model: 36.1% undervalued, market cap USD 513.42M, P/E 6.6. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerGLRE
ExchangeNASDAQ
CountryCayman Islands
SectorFinancial Services
IndustryInsurance-Reinsurance
CurrencyUSD
Valuation signal36.1% undervalued
Market capUSD 513.42M
P/E6.6
Financial periodQ2 2026
RevenueUSD 165.31M
Net income-USD 29.60M
Free cash flowUSD 31.42M

Valuation Snapshot

Bullrun's latest valuation model marks Greenlight Capital Re Ltd - Class A as 36.1% undervalued; latest market cap is USD 513.42M; P/E is 6.6.

Peer valuation comparison

Latest P/E is 6.58x versus a Financial Services sector median of 13.84x (52.5% below).

Latest P/E is 6.58x versus a Cayman Islands median of 31.02x (78.8% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	USD 729.78M	USD 74.83M	USD 210.21M	n/a	2.17	USD 111.76M	USD 4.72M	USD 707.98M
FY2024	USD 696.03M	USD 42.82M	USD 111.50M	n/a	1.24	USD 64.69M	USD 60.75M	USD 635.88M
FY2023	USD 667.08M	USD 86.83M	n/a	n/a	2.5	USD 51.08M	USD 73.28M	USD 596.10M
FY2022	USD 526.68M	USD 25.34M	n/a	n/a	0.73	USD 38.24M	USD 80.53M	USD 503.12M

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-08-25	USD 513.42M	6.6	n/a	n/a
2025	2025-12-31	USD 494.23M	6.7	n/a	n/a
2024	2024-12-31	USD 487.64M	11.4	n/a	n/a
2023	2023-12-29	USD 403.55M	4.1	n/a	n/a
2022	2022-12-30	USD 283.82M	23.3	n/a	n/a
2021	2021-12-31	USD 265.34M	15.7	n/a	n/a

About Greenlight Capital Re Ltd - Class A

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. It operates through Open Market and Innovations segments. The company offers casualty reinsurance, such as automobile liability and general liability. It also provides coverages for casualty, including general liability, umbrella, multiline casualty, and workers' compensation; financial, such as mortgage, trade credit, surety, transactional liability, and financial multiline;

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Frequently asked questions

Is Greenlight Capital Re Ltd - Class A overvalued or undervalued?

Bullrun's valuation model currently marks Greenlight Capital Re Ltd - Class A as 36.1% undervalued.